Sunday , 26 May 2019
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Business

EU fines Google $1.7 billion for abusing online ads market

AP   BRUSSELS European Union regulators have hit Google with a 1.49 billion euro (US$ 1.68 billion) fine for abusing its dominant role in online advertising. It’s the third time the commission has slapped Google with an antitrust penalty, following multibillion-dollar fines resulting from separate probes into two other parts of the Silicon Valley giant’s business. The EU’s competition commissioner, ... Read More »

5G reserve price: TRAI says industry consulted

IANS   NEW DELHI TRAI chairman R S Sharma on Wednesday put the ball back into the operators’ court after they complained that the 5G spectrum reserve prices were higher, saying the operators were consulted over the base price and the government has not sought any further review on it so far. “If the government thinks the price is on ... Read More »

Dover Corporation on aggressive talent hunt in India

IANS JAIPUR Dover Corporation, the US-based manufacturer of industrial products, is on an aggressive talent hunt in India, a senior company executive has said. With global imprints in energy, engineered systems, fluids, refrigeration and food equipment, the $7 billion revenue company is aiming for a big expansion in the Indian market. “We plan to organise career fairs and look for ... Read More »

Airlines told to raise capacity to keep fares in check

IANS   NEW DELHI Airlines have been advised by the government to increase capacity to keep a check on spiraling air fares, official said on Tuesday. A meeting was held between the Directorate General of Civil Aviation (DGCA) and all the airlines on Tuesday. A senior DGCA official said the government did not issue a directive, but advised airlines to ... Read More »

GST to spur assessee base by 80%: Jaitley

NEW DELHI: The Narendra Modi government has introduced the much-needed second generation reforms with several game-changing decisions over the last five years, said Finance Minister Arun Jaitley on Monday, cheering the GST introduction, saying it will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent. Read More »

Jet has only 41 aircraft for flights, says DGCA

NEW DELHI: Aviation regular DGCA on Tuesday said that Jet Airways only has 41 aircraft in its fleet for operations and that there may be further attrition in the fleet size and flights ahead. Read More »

Hyundai, Kia invest around Rs  2,000 cr in Ola

BENGALURU: In their single biggest investment ever, Hyundai Motor Co and its affiliate Kia Motors Corp on Tuesday announced an investment of Rs 2,068 crore ($300 million) in India’s leading ride-hailing cab aggregator Ola. Read More »

Relief to under-construction residential project

NEW DELHI: The all-powerful GST Council Tuesday allowed builders an option to choose between old tax rates and the new ones for under-construction residential projects to help resolve input tax credit issues. Read More »

Telecom Secy meets TRAI chairman over industry issues

NEW DELHI: Telecom Secretary Aruna Sundararajan on Monday met TRAI chairman R S Sharma and is believed to have discussed the industry’s health issues which have caused concern among operators as the government gears up for the spectrum auction. Read More »

RCom pays Rs 458.77 cr to Ericsson; Ambani wards off possible jail term

NEW DELHI:  Embattled billionaire Anil Ambani Monday warded off a possible jail term as RCom cleared dues of a Swedish service provider at the eleventh hour with money received from elder brother Mukesh, whom he thanked for standing by him in trying times and extending “timely support”. Read More »